Ajinkya Kawale
 "Ajinkya Kawale")
Ajinkya Kawale
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
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Zupee launches Studio short video platform after RMG ban in India
Zupee has launched Zupee Studio, a short video content platform with 1-3 min episodes, weeks after India banned all forms of real money gaming nationwide
 "Zupee launches Studio short video platform after RMG ban in India")
UPI gaming spends fall 23% in August after ban on real money games
UPI gaming spends fell sharply in August with volumes down 23% and value down 26% after the Online Gaming Act banned real money games such as rummy, poker and fantasy sports
 "UPI gaming spends fall 23% in August after ban on real money games")
Nazara to publish Bodycam on Fortnite, its first launch on platform
Nazara Technologies will bring Bodycam to Fortnite as an island using UEFN with tactical gameplay, multiplayer modes and high-fidelity visuals for global audiences
 "Nazara to publish Bodycam on Fortnite, its first launch on platform")
UPI autopay revocations hit 20 mn per month on low customer balance
UPI AutoPay enables users to generate a recurring e-mandate using any UPI payments application. It allows users to set timely mandates to pay using UPI on a periodic basis
 "UPI autopay revocations hit 20 mn per month on low customer balance")
Kaleidofin Capital raises $3 million in debt from Triodos for 3-year tenure
Kaleidofin Capital raised $3 million in debt from Triodos Investment Management to support informal sector enterprises including agriculture and dairy segments
 "Kaleidofin Capital raises $3 million in debt from Triodos for 3-year tenure")
Urban Company sets price band at ₹98-103 per share for ₹1,900 cr IPO
Investors can apply for a minimum of 145 equity shares and in multiples thereof. A discount of Rs 9 per share is being offered to eligible employees applying under the employee reservation portion
 "Urban Company sets price band at ₹98-103 per share for ₹1,900 cr IPO")
PhonePe, DSP Finance launch loans against mutual funds up to Rs 2 crore
PhonePe has introduced a loans against mutual funds product with DSP Finance, offering secured credit lines up to Rs 2 crore with flexible repayment and portfolio continuity
 "PhonePe, DSP Finance launch loans against mutual funds up to Rs 2 crore")
Games24x7, Baazi among RMG firms hit by layoffs after online gaming ban
India's new online gaming law banning RMG formats such as ludo, poker and rummy has forced companies including Games24x7 and Baazi Games to lay off large parts of their workforce
 "Games24x7, Baazi among RMG firms hit by layoffs after online gaming ban")
Toyota Kirloskar may pad up after Dream11's Team India innings ends
This comes after Dream11 withdrew from its sponsorship following the government's ban on real-money gaming through the Promotion and Regulation of Online Gaming Act, 2025
 "Toyota Kirloskar may pad up after Dream11's Team India innings ends")
FinMin, MeitY assure transition period for Online Gaming Act compliance
Govt to provide transition period for banks and fintechs under Online Gaming Act 2025; compliance clarity to come once rules are notified
 "FinMin, MeitY assure transition period for Online Gaming Act compliance")
Head Digital moves Karnataka High Court against real-money gaming ban
A23 Rummy operator files first writ against the Promotion and Regulation of Online Gaming Act 2025, which bans real money games and ads, citing disruption to business and jobs
Zupee joins Gameskraft, will not challenge India's ban on RMG games
Zupee suspends deposits and paid formats, urging users to withdraw balances as it opts not to challenge India's new law banning all real money games and related advertisements
 "Zupee joins Gameskraft, will not challenge India's ban on RMG games")
Weighed down by 50% US levy, Indian exporters recalibrate strategy
Vinod Kumar, president of the India SME Forum, said outreach to about 100,000 members has drawn 1,035 responses, with entrepreneurs already mapping ways to cope with the tariffs
 "Weighed down by 50% US levy, Indian exporters recalibrate strategy")
Gameskraft suspends Rummy Culture, will not challenge India's RMG ban
Gameskraft, operator of Rummy Culture, has suspended all RMG services and said it will not legally challenge the new gaming ban while ensuring user withdrawals remain available
 "Gameskraft suspends Rummy Culture, will not challenge India's RMG ban")
Paytm winds up RMG business, to invest in Paytm Money and Paytm Services
Following the RMG ban, Paytm's First Games unit ceases operations; parent OCL approves investments in Paytm Money and Paytm Services and simplifies group structure
 "Paytm winds up RMG business, to invest in Paytm Money and Paytm Services")
UPI goes global: Cross-border transactions grow 20-fold in a year
Cross-border UPI transactions rose 20 times to 7.55 lakh in FY25, with expansion to seven countries and over 1.5 million merchants accepting the platform
Team India may go without lead sponsor for Asia Cup 2025 after Dream11 exit
After the ban on real money gaming, Dream11 ended its sponsorship deal with BCCI, leaving Team India at risk of going without a lead jersey sponsor for the Asia Cup 2025
 "Team India may go without lead sponsor for Asia Cup 2025 after Dream11 exit")
Fintech Kiwi raises $24 mn Series B, aims profitability in two years
The round also saw participation from Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network
 "Fintech Kiwi raises $24 mn Series B, aims profitability in two years")
BharatPe to double down on online payments after RBI licence approval
The push comes amid RBI's final licence approval and intensifying competition
 "BharatPe to double down on online payments after RBI licence approval")
Govt ban: Winzo, Nazara, others suspend real-money gaming operations
MPL said customers can withdraw balance seamlessly
